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dollars in cuts in spending based on our withdrawal from iraq and afghanistan. that's just not real. but i believe the result of negotiations with speaker boehner, senator mcconnell and senator reid they could arrive at a conclusion because the major objection that a lot of us had was we don't want to increase taxes. the majority leader reid has already made that concession in his proposal. >> schieffer: senator, the thing that i wonder about is i think the congressional leaders on both sides are ready to make a deal but what i wonder about is can the followers go along with the leaders or will the congress stumble into some kind of default here despite the best intentions of the leaders on both sides? >> i believe they can and will. how soon is... i'm not clear on. it may require some kind of a warning shot. for example, watch the markets tomorrow, the financial markets around the world. i believe that the american people have very different views about what we're in, but the major view is disdain and even larger than that is that they want us to sit down and agree to something because th
social security checks and veterans benefits. soldiers on the front lines in afghanistan asked the chairman of the joint chiefs of staff if they'll get their paychecks if the nation defaults. president obama is keeping a close eye on negotiations. he called democratic leaders back to the white house for more talks this afternoon. jessica stone for cbs news, washington. >> senate republican leader mcconnell said he had spoken late this afternoon with president barack obama and vice president joe biden. boehner and mcconnell says the president still needs to indicate what kind of package he will sign. he said discussions on that were still taking place. >>> the impasse up on capitol hill is creating a secondary effect on big businesses throughout the washington area. many are now having to implement a contingent plan in -- contingency plan in case of a no deal by tuesday. we explain on capitol hill why this is taking a toll on local markets. >> reporter: bruce, still the same, not a whole lot of activity up here, not one that's leading towards a solution, at least. now business
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